company tax rate for Assmt year 07-08??????surcharge rate and cess ? additional education cess applicable??
2 Replies
NIMA JHA
(article)
(50 Points)
Replied 19 November 2008
tax rate for companies = slab rate = 30%
surcharge = 10%
and education cess = 2%
Jitender
(Chartered Accountant)
(8724 Points)
Replied 19 November 2008
surcharge is applicable when taxable income increases rs 1 crore.
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